Strive expanded its corporate Bitcoin treasury by 1,110 BTC last week as the price of Bitcoin recovered toward the $80,000 level. The company spent approximately $81.5 million on the purchases and paid an average of $73,409 per coin, including fees and expenses, between August 17 and August 21, according to a regulatory filing. The acquisition lifted Strive's total Bitcoin holdings to 21,356 BTC as of August 21, while ASST shares extended their recent rally on Monday, closing near $19.73 after gaining more than 8%. The disclosure arrived as Bitcoin traded near $80,000, having gained nearly 25% during the previous week.

Strive Lifts Bitcoin Holdings to 21,356 BTC

Strive disclosed the purchase in a Form 8-K filed with the U.S. Securities and Exchange Commission on August 24. The company increased its Bitcoin position from 20,246 BTC on August 14 to 21,356 BTC on August 21, an increase of approximately 5.5% in a single week. The move keeps Bitcoin at the center of Strive's corporate treasury strategy, and the filing records the purchase price as inclusive of fees and expenses.

The latest transaction also places Strive among the largest public corporate holders of Bitcoin. Bitcoin Treasuries data ranks the company seventh among public companies by total BTC holdings. Strategy leads the group with 840,447 BTC, while several other listed companies also hold more than 20,000 BTC. Strive has continued to add Bitcoin through capital-markets activity while maintaining cash and other liquid assets on its balance sheet, underscoring how corporate balance sheets have become a visible part of the broader market for bitcoin exposure.

Cash Rises While Share Count Expands

Alongside its growing Bitcoin position, Strive reported $171.9 million in cash and cash equivalents as of August 21, up from $154.8 million one week earlier. The fair value of its 505,000 shares of Strategy's STRC preferred stock also increased, rising to $48.57 million from $47.86 million. Strive did not change the number of STRC shares it held during the period, while the market value of that position increased by about $707,000.

The filing additionally showed changes in Strive's capital structure. Class A common shares outstanding rose by 3.65 million to 79.89 million, while SATA preferred shares outstanding increased by 441,313 to 8.27 million. Class B common shares remained unchanged at 9.79 million. Effective common shares outstanding reached 89.68 million, compared with 86.04 million a week earlier.

ASST Stock Extends Its Weekly Advance

ASST shares traded around $19.70 on Monday, up about 8% during the session, according to market data, before closing near $19.73 with a gain of more than 8%. The stock had closed Friday at $18.22 after gaining 12.96% that day on volume of roughly 14.98 million shares. ASST also posted gains on August 19 and August 20, extending a multi-session rise ahead of Monday's announcement of the latest Bitcoin purchase.

SATA, Strive's variable-rate perpetual preferred stock, closed Friday near its $100 par value, and market data placed the preferred shares at $100.01 at the August 21 close. Strive lists both ASST common shares and SATA preferred shares on Nasdaq. The company began paying SATA dividends every business day in June and had completed 44 consecutive daily payments by August 7.

Bitcoin Trades Near the $80,000 Mark

Bitcoin's price, meanwhile, moved closer to the $80,000 mark after a strong weekly advance. BTC ended the latest week at $77,387, gaining $14,264, or 22.7%, over seven days. On Monday, Bitcoin traded around $78,880 and remained within reach of the $80,000 area after moving above that level during the recent rally. The advance followed several sessions of higher prices, after BTC had traded in the mid-$60,000 range earlier in the week.

Short-term price action has shifted into a tighter range following Bitcoin's rapid move higher. Recent chart data places nearby resistance around $80,700 to $82,700, while the $72,000 to $74,400 zone sits below the market as a previously reclaimed area.

Source: The Market Periodical